Somalia pirates free MV Panama after $7 mln ransom paid

MOGADISHU Tue Sep 6, 2011 6:59pm IST

Related Topics

MOGADISHU (Reuters) - Somali pirates freed the Liberian-flagged container ship MV PANAMA seized last December after receiving a $7 million ransom on Tuesday, pirates holding the ship told Reuters.

The vessel was hijacked on Dec. 10 en route from Tanzania to Mozambique with a crew of 23 from Myanmar.

"We received the agreed ransom of $7 million early in the morning after long negotiations. Now we have abandoned the ship and it is sailing away safely," a pirate who gave his name as Abdi told Reuters.

Somali piracy is estimated to cost the world economy billions of dollars a year and international navies struggle to combat the menace, especially in the Indian Ocean due to the vast distances involved. The shipping industry has warned that seaborne gangs pose an increasing threat to vital sea lanes.

The pirates are becoming increasingly violent and are able to stay out at sea for long periods using captured merchant vessels as mother ships.

(Reporting by Mohamed Ahmed; Editing by David Clarke)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Islamic State Threat

REUTERS SHOWCASE

Ukraine Crisis

Ukraine Crisis

Ukraine president accuses Russian soldiers of backing rebel thrust.  Full Article 

Pakistan Protests

Pakistan Protests

Pakistan's powerful army steps in to resolve political crisis.  Full Article 

Ebola Outbreak

Ebola Outbreak

Gene studies of Ebola in Sierra Leone show virus is mutating fast.  Full Article 

US-China Faceoff

US-China Faceoff

Chinese interceptions of U.S. military planes could intensify due to submarine base.  Full Article 

Brangelina Wedding

Brangelina Wedding

Quietly, Brad Pitt and Angelina Jolie say, 'I do'.  Full Article 

Turkey Politics

Turkey Politics

Turkey's Erdogan sworn in as president, consolidates power.  Full Article 

Mideast Conflict

Mideast Conflict

Hamas leader says Gaza only "milestone to reaching our objective".  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage